Rasmi Al Jabri Award presented to Ismail Shakir
The Iraq Britain Business Council (IBBC) has awarded this year's Rasmi Al Jabri Annual Award for Excellence to to Ismail Shakir, founder of Al Busttan Group, a close friend of Rasmi and a founding figure of IBBC in Iraq.
Al Busttan provides a full range of supporting services designed specifically for the oil and gas industry in Iraq, from life support, security and maintenance, to construction and drilling.
Baroness Nicholson presented the 'Infinity Medallion' to Ms Hasan at the IBBC's Spring Conference in London's Mansion house on Tuesday, in the presence of Rasmi Al Jabri's nephew.
The award was established in honour of Rasmi al Jabri, who died in 2020, and who worked tirelessly for many years to support Iraqi businesses and foster Anglo-Iraqi relations as an IBBC Board Member, Deputy Chairman and Member Representative in Iraq.
Open to all Iraqi-owned enterprises operating in Iraq, the award recognises excellence in performance and governance, and in the promotion of business partnerships between Iraqi and British companies.
Previous winners of the award have included Al Burhan Group, Sardar Group, AAA Holding Group and Al Hadeel Al Hasan Law (HHL).
The medallion was designed by Charles Walker of Zaha Hadid Architects (ZHA).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Iraq Business
39 minutes ago
- Iraq Business
CBI, IFC consider New Leasing Company for Iraqi Start-Ups
By John Lee. Central Bank of Iraq (CBI) Governor Ali Mohsen Al-Alaq has met Bilal Al-Saghir, the International Finance Corporation's (IFC) Resident Representative in Iraq, to discuss strengthening bilateral relations, particularly in training Iraq's banking sector workforce. The parties intend to sign a Memorandum of Understanding on the matter in the coming period. They also discussed a proposal to establish a leasing finance company with both local and foreign participation, aimed at supporting startups and small- to medium-sized enterprises by offering flexible financing for assets such as industrial equipment, vehicles, offices, and warehouses. The meeting further addressed the CBI's ongoing banking reform plan, implemented with assistance from Oliver Wyman and in line with international standards, to enhance the sector's global standing and restore several Iraqi banks' ability to engage in international transactions. (Source: CBI)
Iraqi News
5 hours ago
- Iraqi News
US dollar exchange rate slightly declines in Baghdad
Baghdad ( – The exchange rate for the US dollar compared to the Iraqi dinar slightly declined on Thursday in the Iraqi capital, Baghdad, and remained stable in the capital of the Kurdistan region of Iraq, Erbil. The US dollar exchange rate declined in Baghdad's Al-Kifah and Al-Harithiya stock exchanges, reaching 1,404.5 Iraqi dinars compared to 1,405 Iraqi dinars on Thursday morning. The exchange rate in currency exchange shops in Baghdad ranged between 1,415 Iraqi dinars and 1,395 Iraqi dinars, Shafaq News reported. In Erbil, the US dollar exchange rate remained stable, ranging between 1,404.5 and 1,403.5 Iraqi dinars. The Central Bank of Iraq (CBI) said in February 2023 that it has begun using the new US dollar exchange rate of 1,300 dinars to every US dollar. The previous official exchange rate was 1,450 dinars to one US dollar, which was being exchanged in the parallel market at a rate of 1,550 dinars. While the official exchange rate was 1,450 dinars per dollar in January 2023, the US currency was being exchanged at 1,610 dinars during the same month in the parallel market in Iraq. This variation represented more than a 10 percent difference in exchange rates.
Iraqi News
5 hours ago
- Iraqi News
Iraqi-Turkish agreement to increase trade exchange to $30 billion
Baghdad ( – Iraq and Turkey have agreed to increase the volume of trade exchange between the two countries to $30 billion. During a meeting held in the Turkish capital, Ankara, the two sides agreed to form an Iraqi-Turkish joint customs committee to develop trade relations and facilitate the movement of goods through border crossings, according to a statement cited by the state-run news agency (INA). To strengthen cooperation between the customs authorities of Iraq and Turkey, officials from both sides discussed strategies to enhance efficiency at border crossings and improve customs collaboration. As part of efforts to increase collaboration between the two countries' customs authorities, officials from both sides reviewed strategies for increasing border crossing efficiency and expanding customs cooperation. The meeting addressed approaches to improve trade flows, expand border crossings capacity, and promote infrastructure projects for bilateral commerce. The Turkish Minister of Foreign Affairs, Hakan Fidan, confirmed in January that the volume of trade exchange between Iraq and Turkey reached $20 billion. In a joint press conference with Iraqi Foreign Minister Fuad Hussein, Fidan said that Turkey sees its relationship with Iraq as crucial, indicating that Turkey will experience more security and stability the more Iraq does. The Turkish Minister of Trade, Omer Bolat, said in early December that his country seeks to increase trade exchange with Iraq to $30 billion. Bolat added that Turkish companies and investors have completed projects in Iraq worth $35 billion.
